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Statoil drills another dry well in Norwegian Arctic

Published November 7, 2014 Updated November 7, 2014 01:18pm

1 min

By Shoaib Ur Rehman

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OSLO: Norwegian oil and gas firm Statoil drilled a dry well in the Norwegian Arctic, the Norwegian Petroleum Directorate said on Friday, capping a disappointing campaign in the area which has mostly yielded dry wells.

Statoil holds 35 percent of the licence, 210 kilometres northeast of Hammerfest, while Spike Exploration has 30 percent, Explora Petroleum 20 percent and GDF Suez 15 percent.

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